President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
The three companies - who grew their smartphone shipments around two times faster than the global industry average - held a combined market share of 14 percent last year, according to data from Strategy Analytics . This compared with Apple's 15.5 percent market share, which fell from 19.4 percent in 2012.
"There is clearly now more competition coming from the second-tier smartphone brand. Huawei is expanding swiftly in Europe, while LG's Optimus range is proving popular in Latin America, and Lenovo's Android models are selling at competitive price-points across China," Linda Sui, senior analyst at Strategy Analytics wrote in a report on Monday.
(Read more: Apple drops on weakiPhone sales, revenue outlook)
"Large marketing budgets, extensive distribution channels and attractive product portfolios have enabled Samsung and Apple to maintain their grip on the smartphone industry. (They) will need to fight hard to hold off these and other hungry challengers during 2014," she added.
Samsung, meanwhile, maintained its strong grip on the smartphone segment despite growing competition from Asian and American players.
With its successful models such as the Galaxy S4 and Note 3, the South Korean giant widened its lead over Apple, growing its smartphone market share to 32.2 percent in 2013, from 30.4 percent in 2012.
(Read more: Samsung sticks it to Apple with Google deal: Expert)
In fact, the Samsung shipped a record 319.8 million smartphones worldwide in 2013 - the largest number of units ever shipped by a smartphone vendor in a single year.
This is in a contrast to Apple whose market share is shrinking in part due to its lack of presence in the low-end segment, which is fast-growing in emerging markets, said Strategy Analytics.
"Apple remains strong in the high-end smartphone segment, but a lack of presence in the low-end category is costing it lost volumes in fast-growing emerging markets such as India," Neil Mawston, executive director at Strategy Analytics said.
Global smartphone shipment milestone
Booming demand for low-cost devices boosted global smartphone shipments to a record high in 2013, according to Strategy Analytics and International Data Corporation (IDC).
Strategy Analytics estimates that global smartphone shipments reached a record 990 million units last year, from 700.1 million in 2012. Meanwhile, IDC says vendors shipped a total of 1,004.2 million units, up from 725.3 million in the previous year.
(Read more: From Apple to Google: Face it, you need these guys)
"Among the top trends driving smartphone growth are large screen devices and low cost," said Ryan Reith, program director, IDC's Worldwide Quarterly Mobile Phone Tracker.
"Of the two, I have to say that low cost is the key difference maker…this is the portion of the market that is driving volume. Markets like China and India are quickly moving toward a point where sub-$150 smartphones are the majority of shipments, bringing a solid computing experience to the hands of many," Reith said.
—By CNBC's Ansuya Harjani. Follow her on Twitter: @Ansuya_H